CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies - page 109.

sgjenks01

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It would be awesome if you could add Komodo (KMD) to the Alt-Coin Wallet job.

Dario3000

hero member

Activity: 760

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CoinTracking - Crypto Portfolio & Tax Management

You're welcome

It's was made for regular trades.
Margin trades are completely different.
But I will find a good solution

enteleca

newbie

Activity: 5

Merit: 0

Quote from: Dario3000 on May 16, 2017, 07:42:54 PM

@enteleca:
The closing position report will show all coins, that are not sold at the end of the tax season.
Calculating trades is one thing. But margins are a bit more difficult, because you can sell coins before you have bought them.
I'm already working on a tax calculation for margin trades and it should be done in the next days.
Since the tax year 2017 will end in more than 6 months, you have still plenty of time to do it

I will let you know, once it's done
Dario

Wow, that's wonderful, I didn't know you hadn't finished the program.

I will patiently wait! I was just preparing for the worst before tax year came.

Thanks for your wonderful program and great customer service!

Dario3000

hero member

Activity: 760

Merit: 516

CoinTracking - Crypto Portfolio & Tax Management

@baam25:
Thanks a lot.
The price base is USD and the shown BTC price will adjust depending on the current market price.
So it will not be more expensive when the BTC price goes up

@enteleca:
The closing position report will show all coins, that are not sold at the end of the tax season.
Calculating trades is one thing. But margins are a bit more difficult, because you can sell coins before you have bought them.
I'm already working on a tax calculation for margin trades and it should be done in the next days.
Since the tax year 2017 will end in more than 6 months, you have still plenty of time to do it

I will let you know, once it's done
Dario

enteleca

newbie

Activity: 5

Merit: 0

Quote from: Dario3000 on May 16, 2017, 05:05:37 PM

Calculating single exchanges will probably lead to missing purchases.
Especially when you're moving coins from one exchange to another.

But you could exclude your margin trades from the tax report by selecting "all without a group" in the "group" selector.
This will only calculate your regular trades.

Hey Dario,

I understand; I did the calculation for all exchanges "without a group" and it finally worked with no errors! My total profit/loss is still over what it actually is from regular trades, but I am assuming that my total profit/loss from margin should be negative to offset that gain?

The problem is now that I set all trades to "Poloniex" and then to "Poloniex Margin" there are still many errors that show the "no suitable purchases" errors. When I also load those reports, in the "closing position report," (I'm not entirely sure if this is total already closed positions or current open positions that could be closed now) it says that I have alt coins that have gained great "end of year value", but I actually closed all my positions and am entirely in BTC or USD. Does the tracker account for short positions even if I have none of the actual coin that I sell then buy back?

Thanks

baam25

full member

Activity: 125

Merit: 100

the site is beautiful Grin

but i think its too expensive....any thoughts on lowering the price?

as the price of bitcoin goes up, the more expensive it gets

thanks and thank you for your hard work

Dario3000

hero member

Activity: 760

Merit: 516

CoinTracking - Crypto Portfolio & Tax Management

Quote from: enteleca on May 16, 2017, 03:36:51 PM

I see that I can separate from exchanges (GDAX and Poloniex) and the group (Poloniex Margin) but I'm still getting plenty of errors that say "there is no suitable purchase to this sale."

Calculating single exchanges will probably lead to missing purchases.
Especially when you're moving coins from one exchange to another.

But you could exclude your margin trades from the tax report by selecting "all without a group" in the "group" selector.
This will only calculate your regular trades.

Dario

enteleca

newbie

Activity: 5

Merit: 0

Quote from: Dario3000 on May 16, 2017, 06:00:44 AM

Quote from: enteleca on May 15, 2017, 11:53:30 PM

I implemented my tradehistory file for the Poloniex exchange.
[...]
I read on your support and FAQ that the problem is likely to be deposits and withdrawals and the mix of my margin trading and regular trading.
I understand that you must manually enter deposits and withdrawals, but could you guide me on exactly how I do that on the Poloniex TradeHistory file? Thanks so much.
I will separate my margin trading and regular trading afterwards.

Hey enteleca,

Thanks a lot.
First of all, is Poloniex the only exchange you have ever used, or are there any other exchanges you have bought coins?
If that's the case, you need to add those trades as well.

The Poloniex CSV only contains trades.
But you could use the API import of Poloniex.
It can import deposits and withdrawals as well.

However, since deposits and withdrawals are not relevant for the gain calculation, I would guess, that some trades are missing in your account.
Can you please ensure you have imported them all.

Hey, that's a great point, thanks for the quick reply!
I imported my GDAX trades also now.

I now have however a very (fake) positive gain with more taxes than I actually made.
My question now is how do I separate my regular trades and margin trades now that I have both GDAX and Poloniex logged onto the tracker?

I see that I can separate from exchanges (GDAX and Poloniex) and the group (Poloniex Margin) but I'm still getting plenty of errors that say "there is no suitable purchase to this sale."

Any suggestions? Thanks!

Dario3000

hero member

Activity: 760

Merit: 516

CoinTracking - Crypto Portfolio & Tax Management

Quote from: sgjenks01 on May 16, 2017, 01:52:31 PM

Speaking of wallets, how is Dario's release of his multi-currency wallet coming along?

Just released it a few minutes ago

Enter Coins -> Altcoin Wallet Import

sgjenks01

member

Activity: 91

Merit: 10

Quote from: sgjenks01 on May 16, 2017, 01:45:16 AM

@kevin

ShapeShift.io is exactly what I was looking for. You get to keep the coins in your personal wallet and make the trade while only paying miner fees. It appears that ShapeShift.io doesn't take any commission!

I'm impressed! Thanks for the heads-up!

Steve

@Kevin,
I found another site that works this way. It's called 'Changelly'. I guess I have to try them both vs Bittrex to see what cost, exchange rate and speed are like. At Changely you don't even have to identify who you are: Just give them the wallet address of the coin you want to sell and tell them the coin you want to buy and what wallet to send it to.

Speaking of wallets, how is Dario's release of his multi-currency wallet coming along?

Thanks,

Steve

Dario3000

hero member

Activity: 760

Merit: 516

CoinTracking - Crypto Portfolio & Tax Management

Quote from: enteleca on May 15, 2017, 11:53:30 PM

I implemented my tradehistory file for the Poloniex exchange.
[...]
I read on your support and FAQ that the problem is likely to be deposits and withdrawals and the mix of my margin trading and regular trading.
I understand that you must manually enter deposits and withdrawals, but could you guide me on exactly how I do that on the Poloniex TradeHistory file? Thanks so much.
I will separate my margin trading and regular trading afterwards.

Hey enteleca,

Thanks a lot.
First of all, is Poloniex the only exchange you have ever used, or are there any other exchanges you have bought coins?
If that's the case, you need to add those trades as well.

The Poloniex CSV only contains trades.
But you could use the API import of Poloniex.
It can import deposits and withdrawals as well.

However, since deposits and withdrawals are not relevant for the gain calculation, I would guess, that some trades are missing in your account.
Can you please ensure you have imported them all.

@Steve:
I'm glad to hear that

BTW:
Keven (Bermuda666) is our new CoinTracking support guy.
He supports me in answering posts here on bitcointalk and in our support desk, so I can focus on adding new features.
It's his second day, so be nice to him

Dario

sgjenks01

member

Activity: 91

Merit: 10

@kevin

ShapeShift.io is exactly what I was looking for. You get to keep the coins in your personal wallet and make the trade while only paying miner fees. It appears that ShapeShift.io doesn't take any commission!

I'm impressed! Thanks for the heads-up!

Steve

enteleca

newbie

Activity: 5

Merit: 0

Hi,

I just purchased an unlimited copy of your software!

I implemented my tradehistory file for the Poloniex exchange.

It turns out I have a -$300,000 loss and a -$119,000 tax to pay.

I actually don't.

I read on your support and FAQ that the problem is likely to be deposits and withdrawals and the mix of my margin trading and regular trading.

I understand that you must manually enter deposits and withdrawals, but could you guide me on exactly how I do that on the Poloniex TradeHistory file? Thanks so much.

I will separate my margin trading and regular trading afterwards.

Bermuda666

member

Activity: 85

Merit: 10

Quote from: sgjenks01 on May 15, 2017, 09:47:46 PM

Dario,
Especially if the wallet plays nicely with CoinTracking!

By the way, do you know of any exchanges where it's possible to trade "cross pairs". In other words, trade LTC for XRP for example. At Bittrix, it appears that I have to trade the LTC for BTC and then buy the XRP with the BTC, which makes for 2 trades instead of one. Undecided

Thanks,

Steve

Hi Steve,

there is shapeshift.io for example. You can trade many Cryptocurrencies there for each other, in a direct way. It´s a pretty handy solution.
I guess the price is a bit higher, but it´s really easy to do. There are more Websites like it out there.

I know in their early days Vircurex tried to build their exchange this way, but as i know, it wasn´t successfull, plus it´s of course not the most trustworthy exchange out there.

Best regards
Keven

sgjenks01

member

Activity: 91

Merit: 10

Dario,
Especially if the wallet plays nicely with CoinTracking!

By the way, do you know of any exchanges where it's possible to trade "cross pairs". In other words, trade LTC for XRP for example. At Bittrix, it appears that I have to trade the LTC for BTC and then buy the XRP with the BTC, which makes for 2 trades instead of one. Undecided

Thanks,

Steve

Dario3000

hero member

Activity: 760

Merit: 516

CoinTracking - Crypto Portfolio & Tax Management

Quote from: sgjenks01 on May 15, 2017, 03:04:39 PM

Dario,
Great minds think alike. I had already started putting them in by the time you wrote this. Cheesy

I'm just glad I found this great tool before I had hundreds of transactions. Even if I always have to put in the transactions to and from the wallet, this is just so much better than trying to keep things on a spreadsheet! And you guys just keep improving it, which is just awesome.

Thank you for your support and for such a great tool.

Steve

Thanks a lot Steve,
Really appreciate it.

BTW:
I have created today a new wallet import for over 200 different currencies (LTC, DASH, ...).
I'm finalizing it right now and will publish it tomorrow.
I guess that's a big help for all the miners out there

Dario

sgjenks01

member

Activity: 91

Merit: 10

Quote from: Dario3000 on May 14, 2017, 07:32:52 PM

Hey,
I've never used a Ledger Nano wallet, so I'm not sure how they generate them.
Maybe it's just a forwarding address or a unused one?

It could be easier for you to just enter your Coinbase withdrawals and your wallet deposits manually

Dario,
Great minds think alike. I had already started putting them in by the time you wrote this. Cheesy

I'm just glad I found this great tool before I had hundreds of transactions. Even if I always have to put in the transactions to and from the wallet, this is just so much better than trying to keep things on a spreadsheet! And you guys just keep improving it, which is just awesome.

Thank you for your support and for such a great tool.

Steve

Dario3000

hero member

Activity: 760

Merit: 516

CoinTracking - Crypto Portfolio & Tax Management

Hey,
I've never used a Ledger Nano wallet, so I'm not sure how they generate them.
Maybe it's just a forwarding address or a unused one?

It could be easier for you to just enter your Coinbase withdrawals and your wallet deposits manually

sgjenks01

member

Activity: 91

Merit: 10

Dario,
I checked the "receive" address on a checker I found using Google ( https://thomas.vanhoutte.be/tools/validate-bitcoin-address.php ). It said it's a valid address, but when I asked to show transactions for this address on the blockchain, nothing showed up. I don't know which address CoinTracking used, but it picked up my purchase of CoinTracking Pro from the Ledger Nano S wallet. This is the Bitcoin Receive Address for the wallet: 12wiP3bVZ59aBzr1P9tW3c4FErNnwiyh7x

It makes no sense that there are no transactions showing on the blockchain for that address. It's the address I gave to Coinbase and Bittrex to put the BTC in the wallet in the first place.

The result of all this is that CoinTracking shows that my wallet has a negative balance. It also shows that I have BTC and LTC at Coinbase when all my balances at Coinbase are zero because I transferred those balances to either Bittrex or the Ledger Nano S wallet. All the Bittrex balances shown in CoinTracking are correct. It's the wallet and Coinbase balances that are wrong for both BTC and LTC.

Nobody told us that we would have to become our own bankers and accountants in this brave new world of cryptocurrencies. Undecided

Thanks,

Steve

Dario3000

hero member

Activity: 760

Merit: 516

CoinTracking - Crypto Portfolio & Tax Management

Quote from: sgjenks01 on May 14, 2017, 04:47:25 PM

I used the Bittrex API import and it added some lines of transactions, so I think we're good with Bittrex.

However, when I tried to do the "Bitcoin Wallet Import", using the Extended Public Key from the Ledger Nano S, nothing happened (0 imports reported). I also used the "receive" Bitcoin address from the Ledger Nano S and also got zero imports.

Any ideas?

Steve

Hey Steve,
The Extended Public Key can only import new transactions.
This means, all tx from now on will be imported, but not the past tx.

However the transaction import will handle ALL transactions.
Are you sure your "receive" address was correct?
You can check your address for example here: blockchain.info/de/address/YOUR-ADDRESS
All transactions shown there will be imported by CoinTracking.

Best,
Dario

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